Join Super Coupon Woman in Low Spend January & February

So I made my New Year’s Resolutions and accomplished a lot last year on a personal level after overcoming many obstacles. I got a little off track during the holidays as many of us do,so to get back on track and knock out my remaining debt, I am committing to a low spend January, February, and possibly March also. I really want to quit living paycheck to paycheck and save 3 months worth of bills and slowly work my way up to 6 months or more. There are many forms of saving, each person is different as to what works for them. I think for myself I need to trick myself a little bit. For example, since I am already used to struggling, would if I struggled a little longer but save that money to get ahead in the future. I haven’t been spending any money since December 25th LOL. Here are some of the steps and techniques that I am using to succeed for my low spend months:

I am a server and have started an envelope called 10 a day for me, so each day I put $10.00 a day in there that I am allowed to use on what I want but it has to include any household needs such as food, toiletries, pet supplies etc. I did have a small stockpile built up and used a $50.00 gift card that I bought for Christmas to get a head start on my plan.

I am buying a $25.00 gift card per week to use for Christmas, If I do not use them all or need them, I can use them for myself.

I am doing the 52 week challenge, but putting amounts in daily instead of weekly, I know once the amounts get higher I may only be able to do one or two per week, but this will help me with my savings goals If I am committed to this goal. This works out to 27 per week if you want a set amount to put up each week. Please join me in this challenge weekly or daily to save money easily

I am doing the daily penny challenge which is the same as 52 week challenge but on a daily basis which will add up to 668.00 in a year. I am on day 170 with the change I currently have. It works out to 12.50 per week if you would like a set amount to put up also.

I am putting 5.00 a day up when I work for a vacation I have planned in July, so yes I am just trying to get in the habit of saving any way I can without knowing I am doing it! I am still searching for even more creative ways to save!

You may ask why low spend? Most people do No Spend..Just those words make us feel like we are depriving ourselves of what we want, by doing low spend and being cautious of what we spend and getting a treat here and there will allow me to succeed with this challenge.

I would love to have some support, please comment below and let me know what your savings goals are and any unique tricks that are allowing you to succeed at saving.

Happy Saving!

Super Coupon Woman

Super Coupon Woman’s Get Out Of Debt Journey Update!

Bills As Follows:

Rent 1,170.00

Car 357.00

Insurance 320.00 (100 for Hannah that I am paying until august from first loan I made from her)
Misc: 200.00 (prepaid electric, rental insurance, and credit cards)

Total: 1,997.00

Other Debt:

Amazon: Jan $2,000 June $1,500.00

Capital One: January $500 April $400.00

Capital One: January $500 April $400.00

Target: Jan $800 June: 500.00

Victoria Secret: Jan 750.00 June $400.00

Kohls: Jan $300.00 Paid April 22,2017 πŸ™‚

Mom: Jan $400.00 May… Paid:)

Payday loan: January 1,050.00 Paid March 3rd πŸ™‚

Finger Hut Jan $180 May New Debt (Furniture) $1,200.00

Hannah: January 3,225.00 for Deposits, Pet Fee, and Rent, and balance due from first loan
As Of June 1st: 1,225.00

I will be paying all of the rent for the next 8 months starting in March to pay Hannah Back…then she will be paying 500 for rent and insurance, so if I can make it through 8 months…I will be able to breathe again.

Feb Total: 9,690.00
May New Total:5,525.00
Debt Paid: 4,165.00
3 Debts Paid in Full so far πŸ™‚

Knocking Down Debt

So with all the financial issues over the past few years, I am going to work on getting my debt down, and start saving some money. Hopefully 2016 will allow me to get on the right track. So here I will list my bills each month and what my current debt is…

I have a strange living arrangement where my ex and I are roommates, (strictly though some find that hard to believe) Long story of how it happened, but it is better financially.

He Pays:

Rent: 950.00
Cell: 400.00 (5 people total on plan)

Total 1,350.00

I Pay:

Insurance: 400.00 (two cars which include my 20 year old daughter, my way of helping her save for college)
Cable: 180.00
Water: 100.00
Gas: 100.00
Electric: 300.00
Car: 357.00

Total: 1,537.00

Outstanding Debt:

Rise Loan that I took out to help my daughter:
2,000 will have an added 500.00 to my bills until May unless I can get it paid off sooner (hopefully)

Borrowed Money from my car problems

My Mom: Borrowed $2,000 Currently owe: $750.00
My Daughter: $1,500.00 Currently owe: $1,400.00

Credit Card Debts:

First Savings: 350.00
Legacy : 350.00
Merrick : 900.00
Capital 1 : 500.00
Capital 1 : 500.00
Victoria S : 300.00
Kohl’s : 300.00
BOA : 500.00

Total: :3,700.00
Total Debt :7,100.00

I make roughly $500 a week, sometimes more, my goal is to pay these debts down, save up an emergency fund, and earn or save an extra $2,000 this year by mystery shopping ect. I am doing 2 envelopes for the 52 week challenge, …I am still trying to get back on track πŸ™‚ I can’t pay it forward as much until I get this knocked down, Of course this is my motivation!

Update as of June 2,2016
First Savings: 250.00
Merrick : 800.00
Capital 1 : 300.00
Capital 1 : 400.00
Victoria S : 250.00
Kohl’s : 150.00
BOA : 400.00
Legacy : 250.00

Total: :2,812.00

My Daughter: 900.00
Rise Loan: 0.00 Paid πŸ™‚
My Mom: 500.00
Fingerhut: 250.00
Total: 1,650.00

Total Debt: 4,462.00
Total Debt Paid down So Far: 2,638.00

Update: End of February Debt: 6,226.00 ~Hope to see a big difference at the end of March…Slow and Steady Gets the job done!U
Update: End of March Debt: 6,533.00~ Actually took a step backwards, but that is why keeping track is good so you can see this…I bought my daughter a TV from Fingerhut for $350.00 and bought myself some clothes since I have not bought hardly anything for myself in over two years, so my credit cards stayed the same or higher. I will try to knock it down in the next few months, but did pay some stuff down. I have changed the totals to be current.
Update: End of April Debt: 5,212.00 Really made some progress this month! Got the loan paid off which will free up more money to get the credit cards down! Like the little engine that could..finally I see a little progress!
Update: End Of May Debt: 4,662.00 I am loving seeing the numbers go down! Can’t wait until some of these credit cards have 0.00 balance, and I have all my other debts caught up and can focus on saving πŸ™‚

Update for October: Unfortunately my debt went back up after the fire after all the stress I have endured, I decided to take a vacation, and all the hard work of paying down my debt was lost. I will start another post in January, and hopefully get back on track and stay on track :/. After such a big devastation, it’s only natural we will struggle financially for awhile.